Munger Donates Another $5 Million To Her Tax Initiative
SACRAMENTO (AP) — Los Angeles attorney Molly Munger has donated another $5 million to her November tax initiative.
That’s on top of about $8 million the wealthy civil rights attorney already has contributed to Proposition 38, which would raise income taxes on nearly all Californians to fund schools. The wealthy would see the largest increase.
Munger’s Proposition 38 rivals another tax-hike initiative championed by Gov. Jerry Brown. That initiative, Proposition 30, would temporarily raise the state sales tax by a half cent and increase income taxes for people who make more than $250,000.
Brown’s campaign has raised nearly $7.5 million since last year, plus a $1 million donation announced Thursday by the California Nurses Association.
(Copyright 2012 The Associated Press.)